Student-loan borrowers have more time to receive a lower interest rate on their payments. The Department of Education announced on Tuesday that it is extending the deadline for borrowers to enroll in autopay, and thus receive a 1-percentage-point interest rate reduction, to December 31, 2026. The enrollment deadline was previously set for September 30. The
A major student-loan forgiveness program is facing changes — and delays. Student-loan borrowers pursuing Public Service Loan Forgiveness, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments, have found that their payment counters have not updated to reflect payments that put them at the forgiveness threshold. For example, some
Student-loan borrowers could lose their Social Security checks if they fall behind on their loan payments. Democratic lawmakers want to put an end to that practice. On Monday, Sens. Bernie Sanders, Elizabeth Warren, and Ed Markey introduced a bill to prevent older student-loan borrowers and borrowers with disabilities from facing Social Security garnishment if they
